KCB Group is mulling the spin-off of its mortgage business into a distinct subsidiary, a move that could potentially reverse the 2009 consolidation of S&L Mortgages, then a subsidiary, into KCB Kenya.
Group CEO Paul Russo says the group is in the process of streamlining mortgage lending which posted the second highest non-performing loan ratio at 20.8 percent in the 9 months that ended September 2023, placing it second only to corporate business whose non-performing loan ratio was 28.4 percent.
